Accenture reported $74.2 billion in FY26 revenue, up 5% in local currency, and a 15.8% adjusted operating margin. For the quarter ended June 30, 2026, TCS reported a 24.0% operating margin, Infosys 21.1%, and Wipro 16.0% for its IT services segment. These are the latest results in this comparison, but they cover different periods: a full fiscal year for Accenture and one quarter for the other companies. They indicate how each business is performing, but do not support a like-for-like ranking.
Latest reported results at a glance
| Company and period | Revenue and growth | Profitability | Demand, cash, or outlook |
|---|---|---|---|
| Accenture, FY26 | $74.2 billion; up 5% in local currency | 15.8% adjusted operating margin; adjusted EPS of $13.97 | FY27 outlook: 3%–6% local-currency revenue growth, 15.9%–16.1% adjusted operating margin, and $11.0 billion–$11.8 billion free cash flow. Accenture FY26 results and outlook |
| TCS, Q1 FY27 (quarter ended June 30, 2026) | $7.624 billion; up 2.7% year over year | 24.0% operating margin; 19.2% net margin | $9.5 billion total contract value; $1.310 billion net cash from operations. TCS Q1 FY27 results |
| Infosys, Q1 FY27 (quarter ended June 30, 2026) | $5.082 billion; up 2.4% year over year in constant currency | 21.1% operating margin | $3.6 billion in large-deal TCV; FY27 revenue growth guidance of 1.5%–3.0% and operating margin guidance of 20%–22%. Infosys Q1 FY27 results |
| Wipro, Q1 FY27 (quarter ended June 30, 2026) | ₹244.8 billion gross revenue; IT services revenue of $2.6145 billion, up 0.9% year over year in constant currency | 16.0% operating margin for IT services | $1.626 billion in large-deal bookings. Wipro Q1 FY27 results |
Which company is growing faster?
On the published growth measures, Accenture’s FY26 local-currency revenue growth was 5%, compared with year-over-year growth of 2.7% at TCS, 2.4% at Infosys, and 0.9% for Wipro IT services in Q1 FY27. The periods are not aligned, so this is a comparison of the latest reported rates, not proof that Accenture is outgrowing the others in the same quarter. Infosys and Wipro figures are explicitly constant-currency growth rates; TCS’s reported figure is year-over-year growth, and Accenture’s is local-currency growth.
For FY27, Accenture guided to 3%–6% local-currency revenue growth, while Infosys guided to 1.5%–3.0%. Those forecasts have different reporting periods and company-specific definitions; TCS and Wipro guidance is not included in these reported figures, so there is no complete four-company forecast comparison here.
How do their margins compare?
TCS has the highest cited margin among the three June-quarter peers at 24.0%, followed by Infosys at 21.1% and Wipro IT services at 16.0%. Accenture’s FY26 adjusted operating margin was 15.8%. This is directional rather than a clean ranking: Accenture’s margin is adjusted and covers a full year, while the others’ figures cover a quarter; Wipro’s number applies to its IT services segment rather than the whole company.
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Margin measures also answer different questions. TCS separately reported a 19.2% net margin, which reflects items below operating profit and should not be compared directly with the operating-margin figures. Accenture’s FY27 adjusted operating-margin outlook is 15.9%–16.1%; Infosys guided to a 20%–22% operating margin for FY27.
What the deal and cash figures do—and do not—show
- TCS: $9.5 billion in total contract value (TCV) and $1.310 billion in net cash from operations for Q1 FY27.
- Infosys: $3.6 billion in large-deal TCV for Q1 FY27.
- Wipro: $1.626 billion in large-deal bookings for Q1 FY27.
- Accenture: FY27 free-cash-flow guidance of $11.0 billion–$11.8 billion.
TCV, large-deal TCV, and bookings are company-reported demand indicators with different definitions; they are not interchangeable, and none is the same as revenue recognized in the period. Accenture’s free-cash-flow range is a forecast for FY27, while TCS’s cash figure is cash from operations in one quarter, so those amounts are not directly comparable either.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What investors should take from the comparison
These results offer signals about scale, growth, margins, deal activity, and cash, but no single figure settles which company is performing best. Compare each company across the same period where possible, and keep currency-adjusted growth, adjusted versus unadjusted margins, and segment versus group measures distinct. Accenture’s FY26 report cannot be ranked directly against the June 2026 quarter results of TCS, Infosys, and Wipro; a same-quarter comparison would require Accenture’s Q1 FY27 results as well.
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